Trading in the US cash edible oil market remained quiet on Tuesday October 22.
Fastmarkets assessed the price of cottonseed oil, PBSY, fob Mississippi Valley, at $0.5000-0.5100 per lb on Tuesday, rising from $0.5000 per lb a day earlier on an uptick in soybean oil futures.
A trading source said that the nearby soybean oil market was very tight through the first half of November, with several larger suppliers not making any offers.
On Tuesday, Fastmarkets assessed the price of soybean oil, basis, crude-degummed, US Gulf, for nearby delivery, at a premium of 450-500 basis points per lb to the benchmark December soybean oil futures contract in Chicago. Offers were heard as high as 600 basis points per lb, but no business was heard done at these elevated levels. This compared with an assessed basis premium of 400 points per lb on October 22.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...